If you’re putting your south Florida home on the market anytime soon, you may want to rethink those ideas you might have on making a significant expenditure on remodeling. During the housing boom, ambitious projects could recoup as much as 90 cents on the dollar. Not today.

The resale value of Palm Beach condo improvements in general is sliding, according to experts. In a departure from recent trends, homeowners are getting the best payback from relatively mundane improvements, such as sprucing up the exterior of their house or putting in new windows.

The current Boca Raton real estate market has made remodeling much trickier. When house prices were climbing ever higher, buyers knew they could spend big bucks to expand their homes and still make a profit when it came time to sell. But today, a buyer who spends unwisely on remodeling may be simply digging a deeper hole when it comes time to move.

Visiting the Boca Raton FL community? Contact Realtor® Caesar Parisi for information on buying or selling a home or condo in Boca Raton Waterfront Real Estate.

search for :